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Two major investors increased their stakes in PepsiCo, which beat earnings estimates in Q4.
Dimensional Fund Advisors LP increased its PepsiCo (NASDAQ:PEP) holdings by 2.1% in Q4, owning 7,748,894 shares worth $1.18 billion.
PepsiCo reported Q4 earnings of $1.96 per share, beating estimates by $0.02.
The stock has a market cap of $195.88 billion, a P/E ratio of 20.55, and a dividend yield of 3.79%.
Capital Research Global Investors also upped its PepsiCo stake by 7.4%, holding shares worth $1.83 billion.
Analysts forecast PepsiCo to report $8.30 in earnings per share for the year.
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Dos grandes inversores aumentaron sus participaciones en PepsiCo, lo que superó las estimaciones de ganancias en el cuarto trimestre.